# C_2007204EN.01001501.xml

| 1.9.2007 | EN | Official Journal of the European Union | C 204/15 |
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1.9.2007

EN

Official Journal of the European Union

C 204/15

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Prior notification of a concentration

(Case COMP/M.4880 — Allianz GI/Xchanging Transaction Bank/Fondsdepot Bank)

Candidate case for simplified procedure

(Text with EEA relevance)

(2007/C 204/10)

| 1. | On 23 August 2007, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Xchanging Transaction Bank GmbH (‘Xchanging Transaction’, Germany), jointly controlled by Xchanging plc (‘Xchanging’, United Kingdom) and Deutsche Bank AG (‘Deutsche Bank’, Germany), and Allianz Global Investors Kapitalanlagegesellschaft mbH (‘Allianz GI’, Germany), controlled by Allianz SE (‘Allianz’, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Fondsdepot Bank GmbH (‘Fondsdepot Bank’, Germany) by way of purchase of shares. Currently, Fondsdepot Bank is solely controlled by Allianz GI. |
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1.

On 23 August 2007, the Commission received a notification of a proposed concentration pursuant to Article 4 of Council Regulation (EC) No 139/2004 (1) by which Xchanging Transaction Bank GmbH (‘Xchanging Transaction’, Germany), jointly controlled by Xchanging plc (‘Xchanging’, United Kingdom) and Deutsche Bank AG (‘Deutsche Bank’, Germany), and Allianz Global Investors Kapitalanlagegesellschaft mbH (‘Allianz GI’, Germany), controlled by Allianz SE (‘Allianz’, Germany) acquire within the meaning of Article 3(1)(b) of the Council Regulation joint control of Fondsdepot Bank GmbH (‘Fondsdepot Bank’, Germany) by way of purchase of shares. Currently, Fondsdepot Bank is solely controlled by Allianz GI.

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| 2. | The business activities of the undertakings concerned are:






  — | Xchanging Transaction: securities transaction processing services for banks and financial service companies, |
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2.

The business activities of the undertakings concerned are:

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Xchanging Transaction: securities transaction processing services for banks and financial service companies,

| — | Allianz GI: management and distribution of investment funds, |
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Allianz GI: management and distribution of investment funds,

| — | Fondsdepot Bank: administration of investment fund accounts. |
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Fondsdepot Bank: administration of investment fund accounts.

| 3. | On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice. |
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3.

On preliminary examination, the Commission finds that the notified transaction could fall within the scope of Regulation (EC) No 139/2004. However, the final decision on this point is reserved. Pursuant to the Commission Notice on a simplified procedure for treatment of certain concentrations under Council Regulation (EC) No 139/2004 (2) it should be noted that this case is a candidate for treatment under the procedure set out in the Notice.

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| 4. | The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.
  Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4880 — Allianz GI/Xchanging Transaction Bank/Fondsdepot Bank, to the following address:





  European Commission |
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| Directorate-General for Competition |
| Merger Registry |
| J-70 |
| B-1049 Bruxelles/Brussel |

4.

The Commission invites interested third parties to submit their possible observations on the proposed operation to the Commission.

Observations must reach the Commission not later than 10 days following the date of this publication. Observations can be sent to the Commission by fax ((32-2) 296 43 01 or 296 72 44) or by post, under reference number COMP/M.4880 — Allianz GI/Xchanging Transaction Bank/Fondsdepot Bank, to the following address:

European Commission

Directorate-General for Competition

Merger Registry

J-70

B-1049 Bruxelles/Brussel

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(1)  OJ L 24, 29.1.2004, p. 1.

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(2)  OJ C 56, 5.3.2005, p. 32.

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